The 10 Worst Health Insurance Companies in the U.S.
by Dana Hanson, MoneyInc.com (excerpts)
When it comes to health insurance, everyone knows that it is a must-have. It does not matter how old or young you may be. Health-related concerns can arise at a moment’s notice, and without a quality insurance policy, you could be left holding the bag for a number of major expenses. After all, illnesses and accidents do not announce themselves before arrival.
If a patient has no health insurance, the financial issues that will begin to take place are hard to overcome. Bankruptcy is common in these instances, and policies are a must. However, that does not mean that you should accept any health insurance policy that is being offered to you. Every health insurance policy is not created equally, so it behooves potential clientele to do the necessary research.
To that end, we are happy to provide a handy guide to the worst health insurance companies you are better off avoiding. While there is no shortage of high-quality health insurance providers to choose from, the top 10 worst health insurance companies will not have your best interests at heart….
2. Hawaii Medical Service Association
While Hawaii ranks at the top of the list of states that provide the best healthcare, this health insurance company ranks extremely low among private plans.
Like some of the other insurance plans on the list, the Hawaii Medical Service Association frequently denies legitimate medical claims, leaving members with hefty medical bills they can’t afford. Some members report that submitting claims multiple times before they’re paid is necessary and that sometimes their claims are completely ignored by HMSA.
A quick glance at the Better Business Bureau reveals these experiences are all too common. Inaccurate payouts are another issue that seems to be happening on a regular basis. One reviewer attributes the issues to the monopoly this association enjoys in Hawaii, which makes great sense….
Read … The 10 Worst Health Insurance Companies in the U.S.
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